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Neoliberalism was popular like 40 years ago... the number of regulations and laws has greatly increased since Milton's time. It was never really tried. Globali
by incomingpain 2y ago
Neoliberalism was popular like 40 years ago... the number of regulations and laws has greatly increased since Milton's time. It was never really tried.
Globalism replaced it and is now being dismantled as a failure. The USA withdraws from bretton woods and 'the west' is headed to a new economic theory. This started under obama and extended by everyone since. This does mean the USA won't be world police anymore and won't be involved in so many wars.
There are many hoping to be the replacement for globalism. Perhaps keynesian or neoclassical are what are perceived to be the current replacement, that's what is getting dismantled. What seems to be replacing it doesn't seem to have a name yet.
Probably going to be similar to laissez faire or austrian economics but I do expect a new name will be provided.
- soco 2y agoNot sure if I can call that "peace movement" if the violence (and the threat thereof) is rather oriented inwards.
- silexia 2y agoWhat is replacing it is Communism / Socialism / Marxism.
- deleted 2y ago[deleted]
- peter-m80 2y agoSocialism is inevitable. And that's fine
- piva00 2y agoWe still live in the echoes of neoliberalism though. It was popular, it took over social democracy, The Third Way was a revamp of social democracy to appease to neoliberal ideas, and social democracy never recovered to its less capital-leaning changes since then. Globalism was not an affront to neoliberalism, it was an extension of it. We do need something else, neoliberalism has failed as an experiment and we all live in a world with the pains caused by its side-effects.